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Jan 19, 2013 10:00am PST
by the dell ceiling. the u.s. is the only other country other than denmark that uses this tool. that's why ben bernanke has joined critics questioning why the u.s. needs a debt ceiling. >> i think it would be a good thing if we didn't have it. i don't think that's going to happen. i think it's going to be around. but i hope that congress will allow the government to pay its bills. >> ron brownstein is cnn senior political analyst and editorial director at the "national journal." good to see you. the public debt stands at more than $16 trillion. in and of itself it may not be as serious a problem as some make it out to be, especially when it costs the government about 1.8% a year to borrow money right now, lower than inflation. the problem which you often point out is it is likely to get much worse and that no one has a plan to change it. do republicans have a point when they say this is the only leverage they've got, the only chance they have to really assert a move toward deficit reduction? >> you know, in my mind they actually missed the best chance they had, which was the expiration of the
Jan 6, 2013 12:00pm PST
challenge, dell has the technology and services to help you solve it. >>> 2012, despite everything was a good year for the stock market. the s&p 500 gained about 13%, the biggest gain in three years. the problem is most of you probably missed it. individual investors yanked $152 billion over the course of the year, it turned out to be a mistake. between banks behaving badly. political dysfunction in washington, worrying winds blowing over from europe. the market was a scary place to have your money. but it is a new year and a new opportunity to put your money to work. it will be volatile and unpredictable. 2012's worries have not disappeared. a debt ceiling debate, a fiscal cliff on the horizon, a budget discussion and we still have concerns about growth in europe and asia, cnn money polled a group of money managers on average. they forecasted the s&p 500 will finish the year up 4.5%. that's pretty low by historical standards. pimco founder is on the same page. his forecast, stocks and bonds return less than 5% in 2013. unemployment will stay at 7.5% and that gold will go up. i wan
Search Results 0 to 2 of about 3 (some duplicates have been removed)